DUBLIN--(BUSINESS WIRE)--The "Phosphoric Acid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global phosphoric acid market to grow with a CAGR of 3.5% over the forecast period of 2018-2024.
Rapidly growing demand of phosphoric acid to form the phosphate fertilizers and government subsidies on fertilizers are the primary factor driving the growth of Phosphoric acid market. As the population is increasing worldwide, the demand for food will also increase, which in turn creates the demand of fertilizers.
However, the harmful impact of the Phosphoric acid on environment and the human body is restraining the market growth of Phosphoric acid as the usage of Phosphoric acid affects the water system and the human body.
Alternatively, the ongoing awareness about the use Phosphoric acid to improve the quality of crops among the farmers is anticipated to create several opportunities in Phosphoric acid market in upcoming years.
Among the regions, Asia Pacific dominates the market of Phosphoric acid. In Asia-pacific region, the use of Phosphoric acid to manufacture various products including fertilizers, food additives chemicals and so on is rising rapidly among the countries like China and India. In addition, strong favorable agricultural conditions in Asian countries to create a huge demand for phosphoric acid in this region. Middle East and Latin American countries are expected to grow at a fast pace during the forecast period.
Key Topics Covered
2. Executive Summary
3. Global Phosphoric Acid Market Overview
4. Global Phosphoric Acid Market by Applications
5. Global Phosphoric Acid Market by Region 2018-2024
6. Companies Covered
- The Mosaic Company
- Sinofert Holdings
- Argium Inc.
- Israel Chemical Ltd.
- United Phosphorus Ltd.
- Innophos Holdings inc.
- Mosaic Company
- and more...
For more information about this report visit https://www.researchandmarkets.com/research/xwnqpv/global_phosphoric?w=4
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